Dr Cassiel Ato Forson, the Finance Minister, has said Ghana will now only accept financing for projects that create jobs, grow exports, reduce costs and protect debt sustainability.
The Finance Minister vowed that Ghana will take a more disciplined approach to financing development projects.
According to Ato Forson, Ghana will now proceed with discipline as the country works to protect debt sustainability and prevent another debt crisis.
The Finance Minister disclosed that every project must be economically justified, transparently procured and capable of supporting growth while generating revenue or reducing costs.
He argued that infrastructure projects, including roads, railways, power plants and industrial enclaves, must deliver measurable benefits to the Ghanaian economy.
Ato Forson, in a post sharing a video of comments he made during the Fifth Session of the Ghana–China Joint Commission on Economic, Trade and Technical Cooperation, stated, “Yesterday, I made it clear: Ghana will proceed with discipline.
We will only accept financing for projects that create jobs, grow exports, reduce costs and protect debt sustainability”.
In the video, Ato Forson stated, “As we assume financial cooperation, Ghana will now proceed with discipline. We will not borrow simply because financing is available. Every project must be economically justified and transparently procured, capable of supporting growth, generating revenue and reducing cost.
“Any road, railway, power plant, industrial enclave or other infrastructure financed through this cooperation must improve productivity, create jobs, increase exports and strengthen Ghana’s ability to repay its obligations,” he said.
“We will diversify our financing sources, protect debt sustainability and avoid a return to the conditions that led to the 2022 debt crisis,” he stated.
Meanwhile, Ato Forson has announced that Ghana’s economy is now the eighth-largest economy in Africa.
The Finance Minister disclosed that Ghana’s economy, for the first time in history, has crossed the $100 billion mark.
Ato Forson disclosed that the milestone was driven by strong economic growth recorded since 2025.
He revealed that Ghana’s real Gross Domestic Product (GDP) expanded by 6.0% in 2025, representing the fastest economic growth recorded since 2019.
The Finance Minister added that non-oil GDP growth reached 7.6%, the highest rate in 14 years.
Presenting the 2026 Mid-Year Fiscal Policy Review in Parliament on Thursday, July 23, Dr Forson stated, “This demonstrates that Ghana’s recovery extends well beyond favourable commodity prices”.
“For the first time in our nation’s history, the size of Ghana’s economy exceeded 100 billion dollars, firmly establishing Ghana as a major emerging market economy,” he said.
Ato Forson disclosed that per capita income increased by more than $850 within a year, rising from $2,527 in 2024 to $3,385 at the end of 2025.
“These are not mere statistics,” he said.
“They represent higher incomes, stronger businesses, greater opportunities, and an economy with an enhanced capacity to invest in its people,” he added.
See the post below:
Yesterday, I made it clear: Ghana will proceed with discipline.
— Cassiel Ato Forson (PhD) (@Cassielforson) August 25, 2026
We will only accept financing for projects that create jobs, grow exports, reduce costs and protect debt sustainability. pic.twitter.com/TLKK3BlMgN
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